Flywheel Private Wealth LLC Takes Position in General Dynamics Co. (NYSE:GD)

Flywheel Private Wealth LLC bought a new position in General Dynamics Co. (NYSE:GD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,007 shares of the aerospace company's stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC increased its stake in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company's stock valued at $25,000 after buying an additional 58 shares during the period. Hara Capital LLC acquired a new position in shares of General Dynamics in the third quarter valued at approximately $26,000. Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics in the third quarter valued at approximately $30,000. True Wealth Design LLC acquired a new stake in General Dynamics during the 3rd quarter valued at approximately $34,000. Finally, Coston McIsaac & Partners increased its position in General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GD. TD Cowen raised shares of General Dynamics to a "strong-buy" rating in a research report on Tuesday, October 8th. Robert W. Baird reissued a "neutral" rating and set a $283.00 target price (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday. Wolfe Research downgraded shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, December 11th. Citigroup increased their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Seaport Res Ptn downgraded shares of General Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $304.53.

General Dynamics Stock Up 1.1 %

Shares of GD traded up $2.88 during trading hours on Thursday, reaching $268.97. The stock had a trading volume of 1,752,974 shares, compared to its average volume of 1,430,424. General Dynamics Co. has a 12 month low of $247.36 and a 12 month high of $316.90. The firm has a 50-day simple moving average of $274.45 and a 200 day simple moving average of $288.45. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $73.96 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.38 and a beta of 0.61.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. General Dynamics's revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts predict that General Dynamics Co. will post 13.81 earnings per share for the current fiscal year.

General Dynamics announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, January 17th. General Dynamics's dividend payout ratio (DPR) is presently 43.26%.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.